HomeReady^® First

Help more first-time homebuyers achieve homeownership with HomeReady^® First.

• Eligible borrowers receive:
  • Up to $4,500 grant
    • Borrowers above 100% AMI (Area Median Income) up to 140% AMI receive a $1,500 grant
    • Borrowers at or below 100% AMI receive a $4,500 grant
  • Up to $500 toward a 1-year home warranty (if applicable)
  • $500 toward appraisal costs
• Borrowers’ eligibility is determined by multiple factors including:
  • Current primary residence must be located in an eligible census tract. Click here to see the list of Metropolitan Statistical Area’s (MSAs)
  • Borrower must be a first-time homebuyer
  • Must be at or below 140% AMI of the county they are purchasing in

Check borrower eligibility for HomeReady® First with our eligibility tool. This look-up tool can be used before submitting the loan — just enter the borrowers current primary address and indicate if they are a first-time homebuyer to determine if they may be eligible for the grant.

*Qualification and grant amounts may vary based on the borrower’s Area Median Income (AMI) in the county of purchase. For more details on AMI limits and grant information, ask ChatUWM or talk to your account executive.

For the most precise address validation, verify eligibility through the Fannie Mae Area Median Income Look Up Tool, which can be accessed by clicking here.

*HomeReady® First eligibility tool does not guarantee the accuracy, or completeness of any information, or determination provided by this system. Additional eligibility criteria may apply. Loan must be run through DU and receive message ID 3673 for full borrower eligibility.